tag:blogger.com,1999:blog-4740849900073154554.post5386920580314780212..comments2023-08-25T17:30:36.937+05:30Comments on Business Musings: Remembering ABN AmroRameshhttp://www.blogger.com/profile/11782192840421019943noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-4740849900073154554.post-80906821603003980002009-05-08T10:46:00.000+05:302009-05-08T10:46:00.000+05:30Sure, definitely. All I meant to say is: The jury ...Sure, definitely. All I meant to say is: The jury is still out on Santander...Thomashttps://www.blogger.com/profile/05980127611042973278noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-79905056626200333452009-05-08T06:22:00.000+05:302009-05-08T06:22:00.000+05:30@Thomas - Thanks for visiting. Yes, of course pric...@Thomas - Thanks for visiting. Yes, of course prices have not fallen as much as in say California, but considering the bubble of of the previous years, the sharpest decline in the construction industry and the relatively higher importance of construction to Spanish economy, Spain has been hit severely, hasn't it ?Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-88765627554310321412009-05-08T06:19:00.000+05:302009-05-08T06:19:00.000+05:30@rads - The CEOs of RBS and Fortis have paid for t...@rads - The CEOs of RBS and Fortis have paid for the folly and the shareholders deserve the kick they got !Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-63903549859983490212009-05-07T23:11:00.000+05:302009-05-07T23:11:00.000+05:30Quote: "The real estate meltdwon in Spain is proba...Quote: "The real estate meltdwon in Spain is probably the worst in the world"<br /><br />So far, Spanish real-estate prices have hardly fallen, though. If they start falling as fast and as far as in California, we will see how Santander can cope...Thomashttps://www.blogger.com/profile/05980127611042973278noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-34543005545440462522009-05-06T22:52:00.000+05:302009-05-06T22:52:00.000+05:30Hmm the shareholders did a right thing selling it ...Hmm the shareholders did a right thing selling it but the one's who bought are definitely a breed of worst management. Heard a similar story about AIG Life Insurance company too.Rikahttps://www.blogger.com/profile/03985152186939344611noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-34005591945686683212009-05-05T19:43:00.000+05:302009-05-05T19:43:00.000+05:30@ Ravi - Absolutely right. The real estate meltdwo...@ Ravi - Absolutely right. The real estate meltdwon in Spain is probably the worst in the world, and yet Spanish banks haven't done too badly. The regulator has been superb. In a small way, our own RBI follows a similar approach. And Santander -don't think Ana is in the same league as Emilio<br /><br />@ Adesh - Yes, Barclays shareholders must be thanking their stars. But not hugely I would think - their share price has fallen the same as RBS !<br /><br />@Aparna - You are missing nothing. Chotu is much more interesting than such mundane stuff !!Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-13278530989122200222009-05-05T19:29:00.000+05:302009-05-05T19:29:00.000+05:30ideally i should have brought out points like how ...ideally i should have brought out points like how Adesh or Ravi above have, but look at what i wrote, motherhood has taken me far away from the happenings of the real world.. and articles like the ones u write, will help me come back to these step by step..A journey called lifehttp://aparnarajesh.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-54327262641835448812009-05-05T19:01:00.000+05:302009-05-05T19:01:00.000+05:30Barclays must be feeling lucky as they lost their...Barclays must be feeling lucky as they lost their ABN Amro bid to RFS consortium. Barclays would have been worse if that deal went through.Adesh Sidhuhttp://www.adeshsidhu.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-51367252323224963022009-05-05T18:41:00.000+05:302009-05-05T18:41:00.000+05:30I can perhaps offer two comments:
1) Santander is...I can perhaps offer two comments:<br /><br />1) Santander is run by Emilio Botin, with Ana Botin waiting in the wings. They are still trading on promoter's equity. Arguably they will take huge risks but not stupid ones, and in my recent and extensive experience with Spanish banks, I think these guys are really smart. The Brits on the other hand are now OPM dealers (Other People's Money). Taken together with poor regulation and even poorer shareholder activism, they have played havoc.<br /><br />2) The Spanish regulator is tough as nails. They never repealed the Spanish equivalent of the Glass-Steagal Act, and they insisted on counter-cyclical provisions. Though the Spanish banks are exposed to the real-estate meltdown (and Santander to Madoff) it is not as bad as what is happening in the UK and the US.Ravi Rajagopalannoreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-40862390633961650212009-05-05T16:20:00.000+05:302009-05-05T16:20:00.000+05:30Thanks Aparna. You are very kind.
Hey; mom means ...Thanks Aparna. You are very kind.<br /><br />Hey; mom means juggling two thousand and one things at the same time. Can't forget business can you ? - your superb post on appraisals is testimony to that !Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-25786663544032835592009-05-05T15:36:00.000+05:302009-05-05T15:36:00.000+05:30its been a while since i read these kind of write ...its been a while since i read these kind of write ups (blame it on being a mom.. im going to keep using this excuse as long as im able to;) <br /><br />but all this aside.. very nice write up, more importantly, not packed with too many jargons.. so easy to understand.. thanksa journey called lifehttp://aparnarajesh.blogspot.comnoreply@blogger.com